“India’s economy appears to have slowed down slightly in 2018-19. The proximate factors responsible for this slowdown include declining growth of priv...
Banks Yet to Transmit Repo Rate Benefits: FinMin Report
Commercial banks are yet to transmit the repo rate cuts by the Reserve Bank of India, a report said. Though easing of monetary policy has the potentia...
In IL&FS Crisis, MCA Might Examine Deloitte’s Role
This agreement for exchange of CbC reports, along with the Bilateral Competent Authority Arrangement, will enable both the countries to automatically ...
Finance Ministry to Restrict GST Evasion Through E-Way Bill
The Finance Ministry has introduced changes in the e-way bill system, including auto calculation of distance based on PIN codes for the generation of ...
NPA Mechanism to Get Revised Soon, RBI & FinMin to Work Together
The Finance Ministry and the Reserve Bank of India (RBI) may soon start consultations with each other to find out a revised mechanism on non-performin...
RBI to Infuse Rs 5,042 Crore Into Bank of Baroda
The government has decided to infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of merger of two other public sector lenders Dena Bank...
ADB Signed $26 Million Loan Agreement With Indian Govt
The Government of India and the Asian Development Bank (ADB) signed $26 Million Loan Agreement to provide additional financing for improving drainage ...
We will Remain Committed For Bringing Reforms: Arun Jaitley
Union Minister for Finance Arun Jaitley said that the Government is committed to facilitate trade and industry in the country so that the momentum of ...
Finance Ministry to Pump Rs 48,239 Cr in 12 PSU Banks
With this funding, the total amount of capital infusion would increase to Rs 1,00,958 crore of the planned recapitalisation of Rs 1.06 lakh crore for ...
Pulwana Impact: India Hikes Import Duty on Pakistani Goods to 200 pc
The decision would significantly hit Pakistan's exports to India, which stood at USD 488.5 million (around Rs 3,482.3 crore) in 2017-18 as it would dr...